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No Obvious Signs for Detecting Weapons Proliferators, says Chief AML Officer
By Larissa Bernardes
printA Paris-based, intergovernmental organization that offers guidance on how to stem financial crime is poised to publish a report examining the methods that weapons proliferators use to exploit financial institutions. Proliferators, tied at times to terrorists, may use fraudulent letters of credit, loans and lines of credit to fund their efforts to obtain weapons of mass destruction, the Paris-base Financial Action Task Force (FATF) said in guidance last year. The organization's upcoming typology is expected to expand on those methods, outlined first in a series of United Nations Security Council Resolutions targeting Iran. Ron King, vice president and chief anti-money...
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